Top real estate articles

3rd May 18Surbhi Gupta

Mumbai Metro Ridership Hits 400-Million Mark

The Mumbai Metro has crossed 400-million ridership at a 12-km route between Versova- Andheri- Ghatkopar in a period of four years. Also, it has emerged as the only public transport infrastructure that witnessed an increase in passengers of up to 15 per cent annually. According to the data available with Mumbai Metro One, the network operates with around 378-382 trips on weekdays, with a punctuality performance of 99.9 per cent along what is the world's densest corridor. The route also connects the eastern and western suburbs via Andheri.

Ghaziabad Property May Get Costlier With GDA Hiking Development Charges

Rates of property in Ghaziabad are likely to go slightly up with the city development authority hiking development charges. The 3.03 per cent increase in the fee comes into effect from April 1 this year. Before the hike came into effect, developers had to pay Rs 3,024 per square metre (psm) as development charge. They will now be paying Rs 3,114 psm.

To Decongest East Delhi, Centre Proposes A 19-Km Highway

The Centre is planning to build a 19-km highway starting from Loni near the Delhi-Ghaziabad border to the Akshardham flyover. The new highway will allow commuters to avoid the congested areas of east Delhi and reach the Saharanpur-bound national highway NH709B near Loni from the NH-24 directly. The project has received an in-principle approval while it may take upto three months to file a detailed project report.

Noida Administration To Auction Property Of Builders To Recover Dues

Real estate developers in Noida who owe money to the city authority and the administration stand to lose their assets with the Gautam Budh Nagar Administration deciding to auction them to recover dues. In a drive that would be launched on May 15, the city administration would also go after individuals and contractors also as it attempts to recover dues to the tune of Rs 227 crore.

Guess How Much Trump Earned From India In 2016!

According to his latest annual financial reporting from the year 2016, Trump earned up to $5 million from the Mumbai Worli project and up to $1 million from the Kolkata project in royalties. From his upcoming project in Gurgaon, he reported an income slightly less than $200. Trump has not listed any income from his Pune project.

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